Mexico's Banorte posts 25% drop in net profits for 2nd quarter
MEXICO CITY, July 23 (Reuters) - Mexico's Grupo Financiero Banorte said on Thursday that net profits dropped by 25% in the second quarter to 6.5 billion ($283.9 million) pesos compared to the same period a year earlier.
The group GFNORTEO.MX also reported a 8% increase in total revenues over the period to 26.6 billion pesos.
($1= 22.9570 pesos at end-June)
(Reporting by Noe Torres)
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